Intimation regarding delay in submission of information pertaining to demise of Independent Director

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-5.0%Reaction day

₹6.41

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Nifty Microcap 250market · in no size index; the smallest one is used-0.8%-4.2% vs market

Other Agricultural Products peers, median of 51sector+0.0%-5.0% vs sector

On the reaction day the stock moved 4.2 pts less than Nifty Microcap 250 and 5.0 pts less than its Other Agricultural Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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UpDownMarket · Nifty Microcap 250Sector · Other Agricultural Products peers, median of 51Pending

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AI summary

The company informed the stock exchange about the passing of its Independent Director, Mrs. Manjulaben Navinchandra Kothari (DIN: 08012476), on September 22, 2025. The intimation was delayed because the official death certificate was not available and confirmation from family members was pending. The company received the death certificate on November 1, 2025 and submitted the disclosure on November 3, 2025, about 6 weeks after the event. The board now has a vacancy in the independent director position that will need to be filled as per SEBI norms.

Likely market impact

Shareholders should note the loss of an independent director, which may temporarily weaken board composition until a replacement is appointed. The delayed disclosure is a minor compliance lapse but the company has attributed it to genuine procedural reasons.